Found this from 4 years ago.Not much has happened and look at...

Found this from 4 years ago.

Not much has happened and look at the very last line - staggering.




26 February 2020

Comet Ridge & LogiCamms combine to develop Mahalo

North pipeline solution

Key points:

•Comet Ridge (ASX:COI) and LogiCamms (ASX:LCM) have signed a Memorandum of Understanding to

work together towards a 65+ km pipeline connection option from Mahalo North (ATP 2048)

•Pipeline option to also consider transport of Comet Ridge’s 40% share of Mahalo gas

•Joint study to evaluate Comet Ridge net gas production in the range 20 to 50 TJ/d for 6 inch and 8

inch diameter pipeline solutions

•Study will include combining debt funding options for both the upstream and pipeline components

of the development

Comet Ridge is continuing to work with Denison Gas and the Mahalo JV on the transportation of Mahalo North gas to

market1. As an additional option, Comet Ridge has now entered into an agreement to consider an export solution via

building a new pipeline, which would transport not only Comet Ridge’s 100% interest in Mahalo North but could also

accommodate Comet Ridge’s 40% share of Mahalo JV gas, located immediately to the south of Mahalo North.

Technical discussions around export of gas from Mahalo North (and Mahalo) have been occurring with LogiCamms

(ASX:LCM) over the past weeks, and these discussions have now been formalised into a non-binding Memorandum of

Understanding (MOU) so that further data is able to be shared and work can progress.

LogiCamms is an experienced pipeline and facilities engineering and project delivery contractor that Comet Ridge has

enjoyed a strong working relationship with over the past several years. Over the coming weeks and months, it’s the

intention of both parties to examine the technical and economic aspects of a 6 to 8 inch diameter pipeline solution,

for Mahalo North, that could transport Comet Ridge net gas production in the range of 20 to 50 TJ/d to larger

transmission pipelines to the south. This solution would be across a distance of approximately 65 to 70 km. In

addition, this Mahalo North pipeline could also be utilised to carry Comet Ridge’s share of the Mahalo JV gas

production, where Comet Ridge is the biggest equity holder in that project at 40% (along with Santos (ASX:STO) at

30% and APLNG at 30% with Origin (ASX:ORG), the upstream operator for APLNG). Figure 1 outlines an area through

which the Mahalo North pipeline might be routed, to connect with transmission pipelines to the south.

Under the MOU, work will also be carried out in order to consider, and get an understanding of, debt funding options

for both the upstream portion of the project, and the pipeline portion of the project.

1 Refer ASX announcement 22 November 2019 – New deal seeks to connect early gas from Mahalo North Project to market by 2021.